Sentiment suffered a setback following fresh development on the political front after a key NDA ally, TDP, decided to quit the alliance.

Representative image&nbsp | &nbspPhoto Credit:&nbspIndiatimes

New Delhi: Indian shares fell for the fourth straight day on Friday with the Sensex ending 510 points lower amid political concerns after Telugu Desam Party (TDP) decided to quit the NDA and moved a no-confidence notice against the government. Other Asian markets were also in the negative zone as investors fret over the prospect of a global trade war, accelerating selling pressure on the domestic bourses, brokers said.

Sensex fell 131.14 points, or 0.39 per cent this week, its third straight week of fall, while the Nifty lost 31.70 points or 0.30 per cent.

Sentiment suffered a setback following fresh development on the political front after a key NDA ally, TDP, decided to quit the alliance and moved a no-confidence motion notice against the government, accelerating the selling pace by participants, brokers said.

The Lok Sabha could not take up notices for no-confidence motion against the NDA government with Speaker Sumitra Mahajan saying there was no order in the House and adjourned the proceedings for the day.

The 30-share Sensex tumbled by 509.54 points or 1.51 per cent, to end at 33,176 after shuttling between 33,119.92 and 33,691.32 in intraday trade. Metal, oil & gas, PSU, power, auto and banking stocks recorded widespread losses.

The flagship index had lost 232.40 points in the previous three sessions.

Meanwhile, the broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent. Among the Nifty50 stocks, Coal India was the top loser, down 5.85 per cent followed by UltraTech Cement, IOC, Tata Motors, Asian Paints and BPCL, which fell between 3.10 to 3.9 per cent.

Market breadth remained negative as 1,765 shares out of the 2,848 stocks traded on the Bombay Stock Exchange ended in red while 916 shares closed with gains. (With inputs from PTI)

Sensex tanks 510 points on political concerns, Nifty settles below 10,200Description:Sentiment suffered a setback following fresh development on the political front after a key NDA ally, TDP, decided to quit the alliance.Times Now